Bitcoin price rises 2.61% overnight
Market Update
The price of Bitcoin (BTC) has increased by 0.16% to $38,720.94 at 9 am Sydney time.
Bitcoin currently has a market capitalisation of $757.32billion.
Bitcoin’s closest peer Ethereum (ETH) is currently higher by 2.01% trading at $2,086.10
Together Bitcoin and Ethereum make up almost 60% of the total cryptocurrency market.
This means that the prices for Bitcoin and Ethereum can indicate the direction of the market more broadly.